Halifax Real Estate Market Featured in Global Magazine

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The Economist, a global magazine with approximately 1.6 million subscribers, recently featured Halifax for its historic gains and successes in the real estate market.

Scott Allison, a Halifax-area real estate agent, says he wasn’t surprised.

“We’re a big city, we’re a smart city, and we have three universities,” Allison said.

Allison’s property listings are skyrocketing with high demand. He recently sold a house for $ 175,000 above asking price.

“There is a lot of internal growth. People are coming home from Ontario, British Columbia and Alberta, ”said Allison, who added that two of the last three homes he sold were for people who live outside of the province. province and return to Nova Scotia. “They’re coming back to live the Nova Scotia life.

Whether these market trends have captured the attention of an international magazine is no small feat. The Economist article sheds light on market trends that Halifax Chamber of Commerce CEO Patrick Sullivan was keeping a close eye on.

“More and more people are coming from Alberta. More people coming from Ontario, ”said Sullivan. “We have more immigration and now we have international exposure. “

Sullivan said the world exhibition could lead to even more momentum and growth for the city.

Digital anthropologist Giles Crouch said being featured in this magazine is a convergence of the digital and physical worlds. The online social media world is now aware of the growing trend in Halifax.

“You’ve made a big investment in real-world infrastructure and immigration policies,” Crouch said. “And then in the digital world, everyone is able to share stories and talk about what’s going on. And anyone can share these stories.

Something that should help make Halifax a more attractive destination.

“People were talking about visiting Nova Scotia,” Crouch said. “Now they’re not just talking about visiting, they want to move here. “


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